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DS Smith is set to sell its De Hoop paper mill in the Netherlands to corrugated packaging supplier De Jong Packaging for GBP43m (US$59m).
Stora Enso completed its acquisition of Netherlands-based corrugated packaging producer De Jong Packaging Group, with an enterprise value of about EUR 1,020 million. The deal adds roughly 1,200 million m2 of corrugated packaging capacity to Stora Enso.
Stora Enso has acquired De Jong Packaging Group, the largest independent corrugated manufacturer in the Benelux, at an enterprise value of about EUR 1,020 million. The deal adds capacity and market entry into the Netherlands, Belgium, Germany and the UK.
Stora Enso is acquiring Dutch corrugated packaging producer De Jong Packaging Group in a deal worth about €1 billion, adding 17 sites in the Netherlands, Belgium, Germany and the UK.
Dutch corrugated packaging producer De Jong Packaging Group acquired a controlling stake in Wellpappenfabrik Grünstadt-Sausenheim (WSG), a German corrugated sheet and folding box maker founded in 1937. Financial terms were not disclosed and the deal is subject to competition approval.
De Jong Packaging is building a new multilayer distribution centre with storage and production space in De Lier, Netherlands, with real estate company WDP as investor and developer, to add production capacity. Completion is expected in 2022.
De Jong Packaging completed its acquisition of a majority stake in Bangma Verpakking, adding an erecting center in Dronten, the Netherlands, after Dutch competition approval.
Netherlands-based De Jong Packaging Holding has acquired a majority shareholding in eCorrugated Ltd, a UK independent corrugated packaging manufacturer. eCorrugated will continue operating under its own name with a high level of independence.
De Jong Packaging Holding completed its acquisition of Gaster Wellpappe, a German corrugated manufacturer with locations in Heidelberg and Augsburg. The deal extends DJV's production into Germany.
